Emera (TSE:EMA) Hits New 12-Month High – What’s Next?

Emera Incorporated (TSE:EMA) reached a new 52-week high during trading on Tuesday . The company traded as high as C$73.78 and last traded at C$73.72, with a volume of 96576 shares. The stock had previously closed at C$73.08.

Analyst Ratings Changes

Several analysts have recently issued reports on EMA shares. Desjardins upped their price objective on Emera from C$68.00 to C$69.00 and gave the stock a “hold” rating in a report on Tuesday, February 24th. TD Securities upped their price objective on Emera from C$74.00 to C$75.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. BMO Capital Markets upped their price objective on Emera from C$72.00 to C$74.00 and gave the stock an “outperform” rating in a report on Tuesday, February 24th. Raymond James Financial upped their price objective on Emera from C$73.00 to C$74.50 and gave the stock an “outperform” rating in a report on Tuesday, February 24th. Finally, National Bank Financial upped their price objective on Emera from C$67.00 to C$68.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 24th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Emera presently has a consensus rating of “Moderate Buy” and a consensus price target of C$73.31.

Emera Stock Up 0.9%

The company has a fifty day moving average of C$70.31 and a two-hundred day moving average of C$68.34. The company has a market cap of C$22.26 billion, a PE ratio of 21.83, a price-to-earnings-growth ratio of 6.20 and a beta of 0.54. The company has a debt-to-equity ratio of 161.69, a quick ratio of 0.23 and a current ratio of 0.66.

Emera (TSE:EMA) last announced its quarterly earnings data on Monday, February 23rd. The company reported C$0.55 EPS for the quarter. The company had revenue of C$2.01 billion for the quarter. Emera had a return on equity of 8.11% and a net margin of 13.11%. As a group, analysts anticipate that Emera Incorporated will post 3.1991627 earnings per share for the current fiscal year.

About Emera

Emera is a geographically diverse energy and services company investing in electricity generation, transmission, and distribution as well as gas transmission and utility energy services. Emera has operations throughout North America and the Caribbean countries.